REE Bundled Exam Questions Package with Correct Answers

In a mortgage loan, the borrower always creates two documents: a note and a mortgage. Which of the following pieces of information is provided in the mortgage? - An unambiguous description of the property that is being pledged as collateral for the loan. A significant number of mortgage loans u...

The primary function of the real estate brokerage industry is to - -match buyers and sellers of properties. -guide buyers and sellers through the complexities of real estate transactions. The contract that defines the relationship between the property owner and the real estate broker is the -...

All are used in valuation of income-producing property except: - Income tax Capitalization is employed in the: - Income approach - income properties A gross lease is one that: - The landlord pays for all operating expenses When estimating the market value of an income-producing property, the appr...

Price per front foot is - a physical unit of comparison For a property to be considered as a comparable: - It must be a competitive property It must be an open market transaction A conditions of sale adjustment reflects - The differences between the motivations of the seller and buyer on the da...

Be familiar with good risk-management strategies in real estate development. - - Evaluate Internal Strengths/Weaknesses - Keep Investment Low - Repeatedly Evaluate Economic Feasibility - Include Team Members - Define Exit Strategies - Use Additional Risk Control Techniques Know the difference...

The term "fee simple estate" refers to which of the following? A. An estate that is leased; with no percentage rents. B. An estate that is leased at a set fee. C. An estate that is not subject to any leases. D. An estate that is owned by only one person. - C. An estate that is not subject to a...

In general, inflation is a monetary phenomenon resulting from an increase in money supply as opposed to resulting from an increase in general price levels. - True According to the liquidity premium theory, investors are willing to pay a price premium for securities with shorter maturities. - Tr...

All are used in valuation of income-producing property except: -rental rates -operating expenses -income taxes -net leasable area - income taxes Capitalization is employed in the: Cost approach Market approach Income approach - income properties

Appraisal - The act or process of developing an opinion of value of an asset. The asset in question could be anything from fine art to machinery and equipment, or even a specific type of business. - An appraisal is someone's opinion, rathe than an undeniable fact The Uniform Standards of Pro...

Finance - -study of the process, institutions,markets and instruments used to transfer money and credit between individuals, business, and gov applied economics - -study of the allocation of resources for the purpose of producing goods and services for various members of society -considers tim...

In general, inflation is a monetary phenomenon resulting from an increase in money supply as opposed to resulting from an increase in general price levels. - True According to the liquidity premium theory, investors are willing to pay a price premium for securities with shorter maturities. - Tr...

Which of the following about appraisal is incorrect? is the act of process of developing an opinion of value provides an unbiased estimate of the value of an identified interest in real property, related personal property, or intangible assets follows the uniform standards of professional appra...

ohn assigned his right to receive a deed from Trudy to Hannah. Contracts assigning deeds are unenforceable. John is relieved from making payment to Trudy. Hannah will be entitled to the deed. John is an assignee. - Hannah will be entitled to the deed. Harry offers in writing to sell Lynn Blacka...

7 protected classes in fair housing act - Race, color, religion, national origin, sex, disability, familial status Significant influences on rent/prices in the real estate market? - -global influences (recession, exchange rates, ntnl disaster) -national influences (tax laws, interest rates) -...